“a16z led the charge on the "lol valuations don't matter" approach that defined 2019-2022 venture capital with deals like the one valuing Clubhouse at $4B or Hopin at $6B.”

Wild to look at those valuations now in 2023. 🤯

Interesting thread by Tyler. 👍 https://twitter.com/tylertringas/status/1627449217294958592